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BREAKING: Jury Vindicates Whirlpool In Moldy Washer Trial

An Ohio federal jury on Thursday freed Whirlpool Corp. from allegations in a long-running class action that some of its washer models contained a defect that could produce foul-smelling mold, finding that the washers were not negligently designed.

  • EXCLUSIVE: SEC Issued Badges Without Security Checks

    The U.S. Securities and Exchange Commission neglected to perform required background checks before giving security keycards to some of its workers and failed to document who received those keycards, according to a previously undisclosed report by the agency’s inspector general.

  • 9th Circ. Shreds Stan Lee Media's Iron Man Lawsuit

    The Ninth Circuit on Wednesday tossed Stan Lee Media Inc.'s lawsuit against its former president, comic book legend Stan Lee, alleging it owns characters he created or co-created, including Spider-Man, Iron Man and the X-Men, calling the company's claim "simply implausible."

  • Ex-Dewey Attys Can't Shake $4.4M Clawback Claims

    A New York bankruptcy judge issued an opinion Wednesday that let the Dewey & Leboeuf LLP trustee proceed with $4.4 million clawback litigation connected to payments a group of former partners received when the doomed firm was allegedly insolvent.

  • Wells Fargo Must Pay $203M Overdraft Award, 9th Circ. Says

    Wells Fargo Bank NA can't escape a $203 million class action penalty for misrepresenting the way it processed debit cards in order to maximize overdraft fees, a Ninth Circuit panel ruled Wednesday, saying the bank's false statements support the lower court's decision.

  • McGraw-Hill Takes $60M Charge To Cover SEC Probe Of S&P

    McGraw-Hill Financial Inc. is in talks to end a Securities and Exchange Commission investigation into its Standard & Poor's Ratings Services unit, taking a $60 million charge this quarter to cover potential costs in a resolution there, it said Wednesday.